Leaving the EU: Economic Impact of Proposed Deal Debate
Full Debate: Read Full DebateDepartment: HM Treasury
Patrick Grady
Main Page: Patrick Grady (Scottish National Party - Glasgow North)Department Debates - View all Patrick Grady's debates with the HM Treasury
Leaving the EU: Economic Impact of Proposed Deal
Patrick Grady Excerpts(5 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Mel Stride
That is precisely what the analysis is setting out—a series of potential outcomes and the economic impacts thereof. Some Members are suggesting that we should analyse where we are at the moment, but that would not be appropriate given that we are leaving the European Union. At the same time, it has to be recognised that we have not yet fully concluded the new trading relationship with the European Union—the EU27—and therefore the analysis sets out a range of possible landing points for those negotiations.
Patrick Grady (Glasgow North) (SNP)
My sense is that the Minister is actually starting to admit that there is no analysis of the withdrawal agreement, so I just want to press him. The withdrawal agreement was laid before the House on 26 November, so on what specific date did the Government publish their specific economic analysis on that withdrawal agreement, and what title or Command Paper number should I ask for in the Vote Office or the Library to see the analysis?
Mel Stride
The analysis, as demanded by the House, sets out the different possible outcomes, including modelling a range of options between those contained in the White Paper of June last year and an FTA, as well as a point somewhere between the two of them, to allow an informed look at the likely impact of the various outcomes implicit in the future declaration. The hon. Gentleman will know that that is, of necessity, the way in which this analysis has to be conducted, given that we have a period during which we will be negotiating a precise exit arrangement with the European Union.